In October SA has an opportunity to take a big step forward in its effort to escape the FATF greylist.

FATF stands for Financial Action Task Force, an institution created under the Group of 7 (G7) to combat international money laundering and, after 2001, terrorist financing. Last week a National Treasury team, including the alphabet soup of enforcement agencies — the Financial Sector Conduct Authority (FSCA), Financial Intelligence Centre (FIC), Companies and Intellectual Property Commission (CIPC) and the SA Reserve Bank (SARB) — met the FATF to discuss the progress it has made, aiming to assure the global body it is on track...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.